CITIC Limited Half-Year Report 2020

90 CITIC Limited Half-Year Report 2020 For the six months ended 30 June 2020 Notes to the Consolidated Financial Statements 26 Debt instruments issued (continued) Notes: (continued) (d) Certificates of deposit issued These certificates of deposit were issued by CBI with interest rate ranging is from 2.26% to 3.13% per annum (31 December 2019: 3.13% per annum). (e) Certificates of interbank deposit issued As at 30 June 2020 CITIC Bank issued certain certificates of interbank deposit with a total value of RMB470,600 million (approximately HK$515,195 million) (31 December 2019: RMB438,830 million (approximately HK$489,886 million)). The yield ranges from 1.30% to 3.19% per annum (31 December 2019: 2.59% to 3.67% per annum). The original expiry terms are between 1 month to 1 year (31 December 2019: between 1 month to 1 year). (f) Convertible corporate bonds As approved by the relevant regulatory authorities in China, CITIC Bank made a public offering of RMB40,000 million (HK$46,824 million) A-share convertible corporate bonds (the “convertible bonds”) on 4 March 2019, of which RMB26,388 million (HK$30,890 million) has been subscribed by another subsidiary of the Group. The convertible bonds have a term of six years from 4 March 2019 to 3 March 2025, at annual coupon rates of 0.3% for the first year, 0.8% for the second year, 1.5% for the third year, 2.3% for the fourth year, 3.2% for the fifth year and 4.0% for the sixth year. The conversion of these convertible bonds begins on the first trading day (8 March 2019) after six months upon the completion date of the offering until the maturity date (from 11 September 2019 to 3 March 2025). As at 30 June 2020, convertible bonds (including accrued interest) were recorded as debt instruments issued of RMB13,050 million (HK$14,287 million) and non-controlling interests of RMB1,067 million (HK$1,213 million), respectively.